Two weeks after the Biden administration announced new restrictions on semiconductor exports to China, investors and analysts are still trying to understand how much of a long-term impact the new rules will have on the industry.
What Happened? On Oct. 7, the Commerce Department announced a new set of export controls aimed at protecting U.S. national security and foreign policy interests. In addition to restricting U.S. sales of semiconductor technology to China, the new rules also require foreign companies to license American tools used to produce high-end chips sold to China.
